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East Asia’s precautionary financing fix

Southeast Asian economies, like emerging markets and developing countries globally, are anticipating a rocky financial transition out of the COVID-19 pandemic. The rapid tightening of monetary policy in the United States and the economic fallout from Russia’s invasion of Ukraine are causing a global recession and threatening further capital outflows from emerging markets and developing countries.

How multilateral development banks can deliver climate action

The 2022 Annual Meetings of the World Bank and the International Monetary Fund in Washington, DC will take place against perhaps the bleakest background in decades, from the aftermath of COVID-19 to the war in Ukraine, climate change and inflation pressures. 

Future of Finance: The Power of Sanctions

This episode of “A look into the Crystal Ball on the Future of Finance,” features Bill Rhodes, former Chairman & CEO of Citibank, and current President & CEO of William R. Rhodes Global Advisors, and Dr. Stuart P.M. Mackintosh, Executive Director of the Group of Thirty. They will be discussing the Power of Sanctions. Can the use of Sanctions in lieu of Military action really make a difference? If so, will the difference be significant enough?

Fed is Underplaying the Pain of Inflation Fighting

Former New York Fed President William Dudley examines the economic consequences of the Federal Reserve's inflation fight on "Bloomberg Surveillance." Dudley is a Bloomberg Opinion columnist. His opinions are his own.

ESG’s Beginning Is Messy, But It’s Here to Stay

It’s Climate Week in New York City and the financial capital is responding to more ESG backlash. While the acronym ESG stands for “environmental, social, and governance,” what it means depends on who you ask.

Prestige Economics' Schenker on Fed, Dollar

Jason Schenker, President at Prestige Economics, discusses his outlook for Fed policy and the dollar. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Australia".

The Global Currency Power of the US Dollar: Problems and Prospects

When the COVID-19 pandemic triggered a “risk-off” flight of capital in the spring of 2020, private investors and financial institutions turned to US Treasury bonds as the alternative “safe asset.” The retreat from financial markets was soon reversed, in part because of the Federal Reserve’s formidable response to the threat of a global financial collapse. Fifty years after President Richard Nixon cut the link between gold and the dollar reserves held by foreign central banks, the US dollar continues to play a predominant role in the global financial system, with enormous spillover effects for US monetary policy.

The United States vs. China: The Quest for Global Economic Leadership

China’s dramatic growth and its implications for the world economy have fueled new books at a pace commensurate with the subject

A recent wave includes an important book by Fred Bergsten, founder of the Peterson Institute for International Economics and an established Washington elder on global economics

U.S. Secretary of Commerce Gina Raimondo Appoints Members of U.S. Investment Advisory Council (IAC)

Today, U.S. Secretary of Commerce Gina Raimondo announced the names of 34 international business and economic leaders who will advise the Secretary of Commerce on how government policies and programs affect the United States’ ability to attract and facilitate foreign business investment. Jonathan R. Everhart, CEO, Global ReEnergy Holdings and BWC member was appointed.

Sovereign debt architecture is messy and here to stay. Deal with it.

With severe sovereign debt distress now entrenched and more to come, many analysts and practitioners want to revamp the architecture for sovereign-debt restructurings. To do this they are offering reform proposals that are often incompatible with the facts on the ground.